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Soum's Group
In this Group: Soum, Sou, Sam, Uk, Sim, Pai, Mao, Chem
This village bank loan consists of eight members located in Khsom village in Kandal province. Mrs. Soum B. was selected as village bank president by the other members.

Mrs. Soum B. is a grocery seller who earns a small income to support her family. In order to increase her income and improve the family’s living conditions, she is asking for a loan to buy more groceries to expand her business activities. Her husband, Mr. Sam Thol, is a pig breeder who earns a small income to add to his wife's savings to support his family. This couple has four children: one is a seamstress in a garment factory and the other three are students who also help out with their parents' businesses.

Additional Information

About AMK

Angkor Microfinance Kampuchea (AMK) is a leading microfinance institution in Cambodia with a wide reach of operations. AMK works with over 6,000 villages and serves clients in every Cambodian province. With an average loan size of US$115, AMK’s focus is to provide credit and savings products to the very poor in rural areas. For more information, please visit AMK's website.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Cambodia

  • $2,600
    Average annual income
  • 307
    View loans »
    Cambodia Loans Fundraising
  • $37,564,275
    Funds lent in using Kiva
  • 4,044.8
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Soum's Group's $1,500 loan helped a member to buy more groceries to expand her business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 24, 2011
Listed
Mar 1, 2011
Currency Exchange Loss:
Possible
Ended:
Feb 1, 2012